Is GlobalFoundries Planning an IPO... Is the Intel Acquisition Falling Through?

[Asia Economy Reporter Song Seung-seop] GlobalFoundries, the world's third-largest foundry company, has reportedly filed for an initial public offering (IPO). Local media have previously reported that U.S. semiconductor company Intel is pursuing the acquisition of GlobalFoundries.

On the 18th (local time), major foreign media cited multiple sources stating that GlobalFoundries is working with Morgan Stanley, Bank of America (BOA), JP Morgan, Citigroup, and others for the listing. The IPO filing is expected to be disclosed in October, with the listing anticipated around the end of this year.

According to foreign media, GlobalFoundries' corporate value is estimated to be $25 billion (approximately 29.37 trillion KRW).

The Wall Street Journal reported on the 15th of last month that Intel is pursuing the acquisition of GlobalFoundries. Major foreign media evaluate that if the IPO filing is true, it signals that GlobalFoundries does not wish to merge with Intel.

Meanwhile, sources mentioned by foreign media explained that GlobalFoundries is concerned that a merger between the two companies could unsettle customers who compete with Intel.

This content was produced with the assistance of AI translation services.